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photon · 08-28-2007, 10:35 AM

I agree, generally this time of year is slower (like Christmas, we had this same response at Christmas that it was time to sell), combined with a lot of people trying to get profits. That plus builders are finally working through their backlog so more new houses are coming on.

The real question is have the market fundumentals changed? Supply has increased from the crazy days of 1,000 listings, but we're still not even at traditional levels of listings. People are still moving here in droves, and properties here are still very affordable (wages are higher here) compared to other places. Alberta's economy continues to hum..

I don't think this is the beginning of a downturn. It's just things relaxing and adjusting, hopefully we'll see a continued but more steady and moderate growth going forward. It's also a good time to buy, since you can actually negotiate, we just got a place for well below asking price.

08-28-2007, 10:35 AM	#10
photon The new goggles also do nothing. Join Date: Oct 2001 Location: Calgary Exp:	I agree, generally this time of year is slower (like Christmas, we had this same response at Christmas that it was time to sell), combined with a lot of people trying to get profits. That plus builders are finally working through their backlog so more new houses are coming on. The real question is have the market fundumentals changed? Supply has increased from the crazy days of 1,000 listings, but we're still not even at traditional levels of listings. People are still moving here in droves, and properties here are still very affordable (wages are higher here) compared to other places. Alberta's economy continues to hum.. I don't think this is the beginning of a downturn. It's just things relaxing and adjusting, hopefully we'll see a continued but more steady and moderate growth going forward. It's also a good time to buy, since you can actually negotiate, we just got a place for well below asking price. __________________ Uncertainty is an uncomfortable position. But certainty is an absurd one.